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The ASX200 has been up 0.7% after hitting a new all time intra-day high of 8,462 points. The bourse continues to trade close to record levels and analyst chatter is swirling around whether it will be a record close.
The Real Estate sector has been the best performer, up 2.2%, followed by Discretionary, up 1.5%, and Health Care, up 1.45%. Financials has been the only sector to lose ground, down around a fifth of a percent.
Company News
Australia’s biggest listed company Commonwealth Bank (ASX:CBA) has been down 0.25% after hitting a fresh all time high of $160.27 this morning. The company continues to rise, despite trading on a price to earnings ratio of 28.
Commonwealth Bank has been $158.62.
Novonix (ASX:NVX) has been up 23% after inking a binding offtake agreement with PowerCo SE. The deal sees Novonix supply a minimum of 32,000 tonnes of high-performance synthetic graphite to PowerCo over a five-year period, starting in 2027.
Novonix has been 91.5 cents.
Neurotech (ASX:NTI) has been down 4.35% after launching a baseline data study as part of its response to an FDA fast track rejection. The pharmacokinetic (PK) study in Adelaide will strengthen the company’s overall data offering.
Neurotech has been 6.6 cents.
